Exploring the Types of Business Collaboration (+Examples)

Exploring the Types of Business Collaboration (+Examples)

Collaborating with other businesses can provide access to new resources and innovative ideas, enhance market reach, and streamline project delivery. There are different types of business collaborations including network collaborations, strategic alliances, community collaborations, coopetition, ecosystems, and portfolio collaborations. To choose the best type of collaboration, businesses need to establish well-defined goals, assess the strengths and weaknesses of each other, understand the outcomes, and determine if their products, services, cultures, and decision-making tendencies align. Simple examples of business collaborations include cross-promotion, cloud collaboration, and co-hosting/sponsoring events.

View

More Innovation Resources:

How to Foster Innovation and Creativity in the Workplace

View

What is Customer Centric Innovation?

Customer-centric innovation puts customers at the heart of product development, driving business growth through meeting customer needs and delivering better products. MIT ID Innovation offers upskilling courses to help future leaders develop these essential techniques.

View

How Innovation Equals Diversity: the Science and Promise of an Inclusive Workplace

Diversity is not just a buzzword in business, it is the key to achieving true innovation. Evidence shows that diverse perspectives lead to creative problem solving and increased profits.

View